Investing.com -- Bitdeer Technologies Group (NASDAQ:BTDR) shares rose 6.5% in after-hours trading Monday following the company's September production update, which showed its AI Cloud revenue backlog reached approximately $2.9 billion.
The Singapore-based company announced offtake commitments covering more than 70% of its 21.7MW A201 data center in Johor Bahru, Malaysia, generating over $1.7 billion in expected revenue over five years. This boosted the total AI Cloud revenue backlog from $0.9 billion in August to $2.9 billion in September.
Bitcoin production increased 200% YoY to 1,355 Bitcoin in September, up from 452 Bitcoin in the same month last year. Self-mining hash rate reached 82.3 EH/s, while co-mining hash rate stood at 28.7 EH/s.
The company's AI Cloud business showed a GPU utilization rate of 95% in September, up from 92% in August. The total number of deployed GPUs remained at 4,328, with 4,007 GPUs under external subscription. Annual recurring revenue stood at approximately $86 million.
Bitdeer also announced data services agreements securing 67MW of capacity at its A901 data center with full delivery planned for the second quarter of 2027, and an additional 60MW of capacity at its A103 data center with delivery planned for the first quarter of 2028.
The company recently acquired 200 acres near its existing 563MW Rockdale facility to support AI and high-performance computing infrastructure development. Bitdeer also announced a 16-year AI data center lease for its Tydal, Norway campus, representing approximately $4.7 billion of total contract value over the initial base term.
Original Article
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